Dividend On Watch: The $0.30 mark is well within reach for PBF Energy Inc. (NYSE:PBF).

November 3, 2016November 3, 2016Michael Collier

PBF Energy Inc. (NYSE:PBF) is expected to pay $0.30 on Nov 22, 2016. The indicated annual dividend is $1.20. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on PBF Energy Inc.’s current price of $22.59, the dividend is 1.33%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 31, 2016. The stock decreased 2.46% or $0.57 on November 2, hitting $22.59. PBF Energy Inc (NYSE:PBF) has declined 29.91% since April 1, 2016 and is downtrending. It has underperformed by 31.12% the S&P500.

PBF Energy Inc. is a holding company. The company has a market cap of $2.41 billion. The Firm is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. It currently has negative earnings. The Firm operates through two divisions: Refining and Logistics.

Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.18, from 0.94 in 2016Q1. The ratio improved, as 43 funds sold all PBF Energy Inc shares owned while 69 reduced positions. 34 funds bought stakes while 91 increased positions. They now own 96.84 million shares or 4.39% more from 92.77 million shares in 2016Q1.
Sentinel Tru Communication Lba last reported 63,000 shares in the company. Icon Advisers Inc holds 0.67% or 416,700 shares in its portfolio. Teacher Retirement Of Texas holds 13,726 shares or 0% of its portfolio. Invesco Limited accumulated 135,871 shares or 0% of the stock. Brave Asset Mngmt has invested 0.16% of its portfolio in PBF Energy Inc (NYSE:PBF). Tfs Lc accumulated 0.06% or 12,906 shares. The Massachusetts-based Panagora Asset Mngmt has invested 0.03% in PBF Energy Inc (NYSE:PBF). Green Square Cap Lc owns 116,148 shares or 0.68% of their US portfolio. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 23,389 shares. Deutsche National Bank & Trust Ag accumulated 185,913 shares or 0% of the stock. Hbk Invs Lp last reported 0.02% of its portfolio in the stock. Nationwide Fund Advsr last reported 0.01% of its portfolio in the stock. Moreover, Nomura Asset has 0% invested in PBF Energy Inc (NYSE:PBF) for 3,160 shares. Citigroup owns 148,003 shares or 0% of their US portfolio. Goldman Sachs last reported 1.48 million shares in the company.

PBF Energy Inc (NYSE:PBF) Ratings Coverage

Out of 11 analysts covering PBF Energy Inc (NYSE:PBF), 5 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 45% are positive. $49 is the highest target while $19 is the lowest. The $34.30 average target is 51.84% above today’s ($22.59) stock price. PBF Energy Inc has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by Morgan Stanley on Friday, January 15 to “Overweight”. Goldman Sachs upgraded PBF Energy Inc (NYSE:PBF) on Monday, November 23 to “Buy” rating. The stock has “Outperform” rating given by Credit Suisse on Monday, April 25. Zacks downgraded the stock to “Buy” rating in Tuesday, August 11 report. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, January 18. The stock of PBF Energy Inc (NYSE:PBF) has “Underweight” rating given on Monday, October 10 by Barclays Capital. The firm has “Buy” rating given on Wednesday, October 21 by Citigroup. The firm has “Sector Outperform” rating given on Wednesday, October 19 by Howard Weil. The stock has “Neutral” rating given by Goldman Sachs on Friday, September 25. The company was downgraded on Tuesday, October 11 by Credit Suisse.

PBF Company Profile

PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Firm is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Firm operates through two divisions: Refining and Logistics. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations. The Company’s refineries have a combined processing capacity, known as throughput, of approximately 730,000 barrels per day (bpd) and a weighted-average Nelson Complexity Index of approximately 11.7.